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[Story] Adventures in Space
Re: First Bank of Sol
#6
Quote:
Proposed Idea:
First Bank of Sol is the major financial instutition and serves as a non-state Bank of Issue. They follow a floating currency policy for their Solar Credit.
Interesting idea... but I'm not sure we need it yet.
Since Fenspace has only been a going concern for less than a decade, I've been imagining it using Earth currencies for the most part - in decreasing order of popularity, Australian dollars, US dollars, Euros, Pounds sterling, and others.
A few Fen may have already started issuing their own currencies (and the Solar Credit could be one of them, but not as an independant entity). Of course, just like in the American old west, some privately-issued currencies would be more valued than others... "A-list" currencies would be backed by both goodwill and assets, and issued by reputable known groups - that pretty much means the Mars and Venus terraforming projects, The Island, and Hephaestus. "B-list" currencies would be backed by goodwill or assets - the Hidden Asteroid might be an example here. (I'd put Stellvia in this category, except that Noah uses 'daneside currency.) "C-list" currencies are strictly novelty items outside of the issuing group - if Candy Apple Red's issued its own money, this is where it would be ranked.
Quote:
What Value-base are they using for deposits?
In space, energy is a good backing for currency (at least, until some time after the end of Operation: Great Justice, when Hephaestus makes that invention public and the bottom drops out of the currency). One credit equals one kilowatt-hour of electricity, perhaps?

-Rob Kelk
--
Rob Kelk
"Governments have no right to question the loyalty of those who oppose
them. Adversaries remain citizens of the same state, common subjects of
the same sovereign, servants of the same law."

- Michael Ignatieff, addressing Stanford University in 2012
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Messages In This Thread
[Story] Adventures in Space - by Murmur the Fallen - 03-30-2007, 10:13 PM
Re: Adventures in Space - by Murmur the Fallen - 03-30-2007, 10:16 PM
Part 2 - by Murmur the Fallen - 04-05-2007, 07:05 AM
First Bank of Sol - by Murmur the Fallen - 04-05-2007, 07:11 AM
Re: First Bank of Sol - by itsune9tl - 04-05-2007, 09:11 PM
Re: First Bank of Sol - by robkelk - 04-06-2007, 02:38 AM
Re: First Bank of Sol - by M Fnord - 04-06-2007, 02:49 AM
Re: First Bank of Sol - by Kokuten - 04-06-2007, 02:51 AM
Re: First Bank of Sol - by robkelk - 04-06-2007, 03:04 AM
Re: First Bank of Sol - by M Fnord - 04-06-2007, 03:13 AM
Re: First Bank of Sol - by robkelk - 04-06-2007, 03:29 AM
i know nothing about economics - by Murmur the Fallen - 04-06-2007, 04:15 AM
Re: i know nothing about economics - by M Fnord - 04-06-2007, 04:39 AM
Re: i know nothing about economics - by Kokuten - 04-06-2007, 11:04 AM
Re: i know nothing about economics - by CattyNebulart - 04-09-2007, 03:09 PM
Re: i know nothing about economics - by CattyNebulart - 04-09-2007, 07:35 PM
Re: i know nothing about economics - by Kokuten - 04-10-2007, 12:32 AM
Part 3 - by Murmur the Fallen - 04-13-2007, 11:12 AM

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